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Casio Computer

DB:CAC1
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAC1
DB
¥485B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Casio Computer Co., Ltd. develops, produces, and sells consumer, system equipment, and other products in Asia, Europe, Japan, North America, and internationally. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Casio Computer has significant price volatility in the past 3 months.
CAC1 Share Price and Events
7 Day Returns
15.3%
DB:CAC1
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
35%
DB:CAC1
2.9%
DE Consumer Durables
8.8%
DE Market
CAC1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Casio Computer (CAC1) 15.3% 18.6% 39.1% 35% 45.3% 48.7%
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • CAC1 outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • CAC1 outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
CAC1
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Casio Computer undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Casio Computer to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Casio Computer.

DB:CAC1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CAC1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 30.86%) (12.98%))
0.925
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.925 * 5.96%)
5.74%

Discounted Cash Flow Calculation for DB:CAC1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Casio Computer is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CAC1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.74%)
2020 24,304.50 Analyst x4 22,985.30
2021 25,418.43 Analyst x7 22,734.00
2022 26,986.67 Analyst x6 22,826.53
2023 27,222.33 Analyst x3 21,776.08
2024 28,998.33 Analyst x3 21,937.69
2025 29,838.50 Est @ 2.9% 21,348.06
2026 30,464.07 Est @ 2.1% 20,612.61
2027 30,931.99 Est @ 1.54% 19,793.22
2028 31,285.72 Est @ 1.14% 18,932.95
2029 31,557.56 Est @ 0.87% 18,060.89
Present value of next 10 years cash flows ¥211,007.00
DB:CAC1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥31,557.56 × (1 + 0.23%) ÷ (5.74% – 0.23%)
¥573,903.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥573,903.08 ÷ (1 + 5.74%)10
¥328,453.82
DB:CAC1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥211,007.00 + ¥328,453.82
¥539,460.82
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥539,460.82 / 242.57
¥2223.93
DB:CAC1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CAC1 represents 0.0083x of TSE:6952
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0083x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,223.93 x 0.0083
€18.46
Value per share (EUR) From above. €18.46
Current discount Discount to share price of €16.60
= -1 x (€16.60 - €18.46) / €18.46
10.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Casio Computer is available for.
Intrinsic value
10%
Share price is €16.6 vs Future cash flow value of €18.46
Current Discount Checks
For Casio Computer to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Casio Computer's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Casio Computer's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Casio Computer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Casio Computer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CAC1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥96.84
TSE:6952 Share Price ** TSE (2019-11-14) in JPY ¥2000
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Casio Computer.

DB:CAC1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6952 Share Price ÷ EPS (both in JPY)

= 2000 ÷ 96.84

20.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Casio Computer is overvalued based on earnings compared to the DE Consumer Durables industry average.
  • Casio Computer is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Casio Computer's expected growth come at a high price?
Raw Data
DB:CAC1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
6.9%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:CAC1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.65x ÷ 6.9%

3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Casio Computer is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Casio Computer's assets?
Raw Data
DB:CAC1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥861.03
TSE:6952 Share Price * TSE (2019-11-14) in JPY ¥2000
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:CAC1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6952 Share Price ÷ Book Value per Share (both in JPY)

= 2000 ÷ 861.03

2.32x

* Primary Listing of Casio Computer.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Casio Computer is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Casio Computer's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Casio Computer has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Casio Computer expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Casio Computer expected to grow at an attractive rate?
  • Casio Computer's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Casio Computer's earnings growth is positive but not above the Germany market average.
  • Casio Computer's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CAC1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CAC1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 6.9%
DB:CAC1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.2%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CAC1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CAC1 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 345,961 38,742 30,567 3
2023-03-31 335,123 36,819 28,733 3
2022-03-31 321,866 34,753 27,105 10
2021-03-31 311,425 33,362 24,998 11
2020-03-31 303,667 32,302 23,241 11
2019-11-14
DB:CAC1 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 298,796 34,561 23,754
2019-06-30 297,424 22,225
2019-03-31 298,161 20,738 22,135
2018-12-31 301,608 21,743
2018-09-30 306,378 23,766 20,722
2018-06-30 311,810 20,195
2018-03-31 314,790 34,553 19,563
2017-12-31 320,085 22,572
2017-09-30 318,041 28,722 21,976
2017-06-30 316,728 20,186
2017-03-31 321,213 27,920 18,410
2016-12-31 323,022 17,017

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Casio Computer's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Casio Computer's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CAC1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Casio Computer Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CAC1 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 125.73 147.50 108.08 3.00
2023-03-31 118.22 136.00 103.15 3.00
2022-03-31 111.53 137.80 77.46 11.00
2021-03-31 102.79 118.80 77.98 12.00
2020-03-31 94.44 108.34 77.40 12.00
2019-11-14
DB:CAC1 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 96.84
2019-06-30 90.30
2019-03-31 89.86
2018-12-31 88.27
2018-09-30 84.12
2018-06-30 81.98
2018-03-31 79.42
2017-12-31 91.55
2017-09-30 88.50
2017-06-30 80.48
2017-03-31 72.68
2016-12-31 66.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Casio Computer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Casio Computer's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Casio Computer has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Casio Computer performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Casio Computer's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Casio Computer's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Casio Computer's 1-year earnings growth exceeds its 5-year average (14.6% vs -5.5%)
  • Casio Computer's earnings growth has exceeded the DE Consumer Durables industry average in the past year (14.6% vs -21.1%).
Earnings and Revenue History
Casio Computer's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Casio Computer Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CAC1 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 298,796.00 23,754.00 85,076.00 7,354.00
2019-06-30 297,424.00 22,225.00 86,022.00 7,354.00
2019-03-31 298,161.00 22,135.00 88,178.00 7,354.00
2018-12-31 301,608.00 21,743.00 90,919.00 7,183.00
2018-09-30 306,378.00 20,722.00 93,372.00 7,183.00
2018-06-30 311,810.00 20,195.00 94,940.00 7,183.00
2018-03-31 314,790.00 19,563.00 95,135.00 7,183.00
2017-12-31 320,085.00 22,572.00 95,771.00 6,599.00
2017-09-30 318,041.00 21,976.00 93,847.00 6,599.00
2017-06-30 316,728.00 20,186.00 92,174.00 6,599.00
2017-03-31 321,213.00 18,410.00 92,863.00 6,599.00
2016-12-31 323,022.00 17,017.00 92,808.00 6,609.00
2016-09-30 334,964.00 22,168.00 94,436.00 6,609.00
2016-06-30 347,083.00 26,951.00 98,185.00 6,609.00
2016-03-31 352,258.00 31,194.00 100,549.00 6,609.00
2015-12-31 355,154.00 33,557.00 100,718.00 7,187.00
2015-09-30 352,388.00 31,442.00 102,200.00 7,187.00
2015-06-30 345,633.00 28,447.00 102,022.00 7,187.00
2015-03-31 338,389.00 26,400.00 100,285.00 7,187.00
2014-12-31 334,728.00 23,261.00 98,698.00 8,352.00
2014-09-30 330,077.00 20,692.00 97,023.00 8,352.00
2014-06-30 324,845.00 18,453.00 95,300.00 8,352.00
2014-03-31 321,761.00 15,989.00 94,261.00 8,352.00
2013-12-31 314,507.00 14,510.00 95,764.00 7,918.00
2013-09-30 304,926.00 13,187.00 93,708.00 7,918.00
2013-06-30 297,749.00 12,379.00 90,433.00 7,918.00
2013-03-31 297,763.00 11,876.00 88,313.00 7,918.00
2012-12-31 296,324.00 9,943.00 84,699.00 7,414.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Casio Computer has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Casio Computer used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Casio Computer's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Casio Computer's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Casio Computer has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Casio Computer's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Casio Computer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Casio Computer is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Casio Computer's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Casio Computer's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Casio Computer Company Filings, last reported 1 month ago.

DB:CAC1 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 208,860.00 62,978.00 113,168.00
2019-06-30 203,787.00 69,103.00 105,339.00
2019-03-31 211,594.00 69,223.00 123,714.00
2018-12-31 209,087.00 73,201.00 109,562.00
2018-09-30 213,146.00 73,208.00 111,573.00
2018-06-30 204,749.00 73,211.00 103,388.00
2018-03-31 206,691.00 73,218.00 114,941.00
2017-12-31 205,600.00 73,186.00 124,917.00
2017-09-30 202,762.00 73,168.00 104,191.00
2017-06-30 197,338.00 73,171.00 94,695.00
2017-03-31 196,332.00 73,178.00 99,117.00
2016-12-31 192,283.00 73,162.00 103,528.00
2016-09-30 194,729.00 77,186.00 124,694.00
2016-06-30 192,447.00 77,281.00 107,272.00
2016-03-31 202,111.00 77,293.00 122,248.00
2015-12-31 215,106.00 77,226.00 128,042.00
2015-09-30 209,480.00 77,276.00 114,568.00
2015-06-30 206,699.00 77,222.00 100,842.00
2015-03-31 204,158.00 77,293.00 114,950.00
2014-12-31 191,419.00 78,296.00 106,966.00
2014-09-30 181,364.00 96,286.00 101,965.00
2014-06-30 185,550.00 85,799.00 102,694.00
2014-03-31 185,256.00 86,133.00 116,760.00
2013-12-31 175,144.00 111,525.00 129,382.00
2013-09-30 169,006.00 114,995.00 116,673.00
2013-06-30 164,016.00 114,705.00 111,957.00
2013-03-31 163,968.00 113,828.00 113,168.00
2012-12-31 154,218.00 112,935.00 108,514.00
  • Casio Computer's level of debt (30.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (53% vs 30.2% today).
  • Debt is well covered by operating cash flow (54.9%, greater than 20% of total debt).
  • Casio Computer earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Casio Computer's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Casio Computer has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Casio Computer's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.25%
Current annual income from Casio Computer dividends. Estimated to be 2.45% next year.
If you bought €2,000 of Casio Computer shares you are expected to receive €45 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Casio Computer's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Casio Computer's dividend is below the markets top 25% of dividend payers in Germany (3.68%).
Upcoming dividend payment

Purchase Casio Computer before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CAC1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CAC1 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 56.67 3.00
2023-03-31 53.33 3.00
2022-03-31 49.36 11.00
2021-03-31 47.50 12.00
2020-03-31 46.50 10.00
2019-11-14
DB:CAC1 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-07 45.000 2.321
2019-06-27 50.000 3.369
2019-06-04 50.000 3.812
2019-02-14 40.000 2.851
2018-11-14 40.000 2.753
2018-11-06 40.000 2.393
2018-06-28 40.000 2.249
2018-05-09 40.000 2.340
2018-02-14 40.000 2.488
2018-02-01 40.000 2.641
2017-06-29 40.000 2.422
2017-05-10 40.000 2.321
2016-06-29 40.000 2.662
2016-05-11 40.000 2.446
2015-06-26 35.000 1.501
2015-05-12 35.000 1.515
2015-01-29 35.000 1.639
2014-10-30 25.000 1.381
2014-07-30 25.000 1.428
2014-06-27 25.000 1.607
2014-05-07 25.000 1.831
2014-02-14 20.000 1.710
2014-01-30 20.000 1.813
2013-11-06 20.000 1.761
2013-08-02 20.000 2.234
2013-07-30 20.000 2.222
2013-05-08 20.000 2.213
2012-07-31 17.000 2.584
2012-06-28 17.000 3.349
2012-05-11 17.000 3.617
2011-05-17 17.000 3.350
2011-02-01 15.000 2.277
2010-03-15 15.000 2.389
2009-07-31 23.000 3.206
2009-05-12 23.000 2.849
2009-02-04 23.000 3.214

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Casio Computer's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Casio Computer's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Casio Computer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Casio Computer has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Casio Computer's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kazuhiro Kashio
AGE 53
TENURE AS CEO 1.8 years
CEO Bio

Mr. Kazuhiro Kashio has been President at Casio Computer Co. Ltd since June 26, 2015. Mr. Kashio is CEO & Chairman at Casio Computer Co. Ltd since 2018 and served as its Chief Operating Officer since June 26, 2015 until 2018. Mr. Kashio served as a Senior Executive Managing Officer at Casio Computer Co., Ltd. since May 2014 until June 26, 2015 and served as its Corporate Officer. Mr. Kashio serves as a Director of Casio Computer Co. Ltd.

CEO Compensation
  • Insufficient data for Kazuhiro to compare compensation growth.
  • Insufficient data for Kazuhiro to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Casio Computer management team in years:

3.8
Average Tenure
  • The tenure for the Casio Computer management team is about average.
Management Team

Kazuhiro Kashio

TITLE
Chairman
AGE
53
TENURE
1.8 yrs

Shin Takano

TITLE
Executive Officer

Tetsuro Izumi

TITLE
Executive Officer & General Manager of HR Department

Yuichi Masuda

TITLE
Sr Exec Managing Officer
TENURE
5.5 yrs

Hiroshi Nakamura

TITLE
Executive VP
TENURE
3.8 yrs

Toshiyuki Yamagishi

TITLE
Executive Officer

Atsushi Yazawa

TITLE
Executive Officer and Senior GM of Production & Purchasing Unit

Nobuyuki Mochinaga

TITLE
Executive Officer & New Development Projects Leader

Tetsuo Kashio

TITLE
Senior Executive Officer & GM of CS Headquarters

Hideaki Terada

TITLE
Executive Officer & GM of 2.5D Projects Department
Board of Directors Tenure

Average tenure and age of the Casio Computer board of directors in years:

4.4
Average Tenure
58
Average Age
  • The tenure for the Casio Computer board of directors is about average.
Board of Directors

Kazuhiro Kashio

TITLE
Chairman
AGE
53
TENURE
1.8 yrs

Shin Takano

TITLE
Executive Officer
TENURE
4.4 yrs

Yuichi Masuda

TITLE
Sr Exec Managing Officer
TENURE
5.5 yrs

Hiroshi Nakamura

TITLE
Executive VP
TENURE
1.8 yrs

Toshiyuki Yamagishi

TITLE
Executive Officer
TENURE
6.4 yrs

Hirokazu Ishikawa

TITLE
Outside Director
TENURE
8.4 yrs

Makoto Kotani

TITLE
Outside Director
AGE
82
TENURE
6.4 yrs

Kazuhiko Tozawa

TITLE
Outside Audit & Supervisory Board Member

Tomoyuki Uchiyama

TITLE
Audit & Supervisory Board Member
TENURE
2.3 yrs

Michiko Chiba

TITLE
Outside Audit & Supervisory Board Member
AGE
58
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Casio Computer's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Casio Computer has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Casio Computer Co., Ltd. develops, produces, and sells consumer, system equipment, and other products in Asia, Europe, Japan, North America, and internationally. Its Consumer segment offers watches, clocks, electronic dictionaries, electronic calculators, label printers, electronic musical instruments, digital cameras, etc. The company’s System Equipment segment provides handheld terminals, electronic cash registers, office computers, page printers, data projectors, etc. Its Others segment offers molds, etc. Casio Computer Co., Ltd. was founded in 1957 and is headquartered in Tokyo, Japan.

Details
Name: Casio Computer Co., Ltd.
CAC1
Exchange: DB
Founded: 1957
¥4,062,948,305
242,571,123
Website: http://world.casio.com
Address: Casio Computer Co., Ltd.
6-2, Hon-machi 1-chome,
Shibuya-ku,
Tokyo,
151-8543,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6952 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK CSIO.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB CAC1 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK CSIO.Y ADR Pink Sheets LLC US USD 31. Jul 1986
Number of employees
Current staff
Staff numbers
11,868
Casio Computer employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:19
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.